Matador Resources (MTDR) Stock Forecast & Price Target

$58.84 +1.31 (+2.28%)

(As of 11/18/2024 ET)

Matador Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
1

Buy
13

Based on 14 Wall Street analysts who have issued ratings for Matador Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a hold rating, and 13 have given a buy rating for MTDR.

Consensus Price Target

$74.92
27.33% Upside

According to the 14 analysts' twelve-month price targets for Matador Resources, the average price target is $74.92. The highest price target for MTDR is $87.00, while the lowest price target for MTDR is $62.00. The average price target represents a forecasted upside of 27.33% from the current price of $58.84.

MTDR Analyst Ratings Over Time

Type	Current Forecast 11/19/23 to 11/18/24	1 Month Ago 10/20/23 to 10/19/24	3 Months Ago 8/21/23 to 8/20/24	1 Year Ago 11/19/22 to 11/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$74.92	$75.54	$78.17	$73.67
Forecasted Upside	27.33% Upside	46.56% Upside	39.78% Upside	26.77% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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MTDR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MTDR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Matador Resources Stock vs. The Competition

Type	Matador Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.93	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	27.33% Upside	1,352.28% Upside	9.44% Upside
News Sentiment Rating	Very Positive News See Recent MTDR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$77.00 ➝ $71.00	+37.68%
10/24/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$70.00 ➝ $70.00	+35.45%
10/23/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$62.00 ➝ $62.00	+23.70%
10/21/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Scialla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$76.00 ➝ $78.00	+52.46%
10/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$76.00 ➝ $72.00	+42.10%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Jungwirth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$75.00 ➝ $78.00	+44.15%
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10/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$89.00 ➝ $87.00	+72.72%
9/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$86.00 ➝ $75.00	+52.56%
9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$85.00 ➝ $74.00	+47.06%
7/25/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$80.00 ➝ $84.00	+36.19%
7/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $87.00	+40.23%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Abbott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
3/25/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$66.00	-4.00%
1/8/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$76.00 ➝ $70.00	+28.58%
2/17/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
1/25/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$67.00 ➝ $78.00	+22.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:35 AM ET.

MTDR Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Matador Resources is $74.92, with a high forecast of $87.00 and a low forecast of $62.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matador Resources in the last year. There is currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTDR shares.
: According to analysts, Matador Resources's stock has a predicted upside of 27.33% based on their 12-month stock forecasts.
: Matador Resources has been rated by research analysts at Benchmark, BMO Capital Markets, JPMorgan Chase & Co., KeyCorp, Mizuho, Royal Bank of Canada, Stephens, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Matador Resources more than other "oils/energy" companies. The consensus rating score for Matador Resources is 2.93 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how MTDR compares to other companies.

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This page (NYSE:MTDR) was last updated on 11/18/2024 by MarketBeat.com Staff

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Matador Resources (MTDR) Stock Forecast & Price Target